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Brrunno [24]
2 years ago
12

The maintenance expenses on a rental house you own average $200 a month. The house cost $219,000 when you purchased it four year

s ago. A recent appraisal on the house valued it at $239,000. If you sell the house you will incur $14,000 in real estate fees. The annual property taxes are $4,000. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?
Business
1 answer:
Serhud [2]2 years ago
0 0

Answer:

value we place on this house when analyzing the option of using it as a professional office is $225000

Explanation:

Given data

house cost 4 year ago  = $219,000

house valued = $239,000

real estate fees = $14000

property taxes = $4,000

to find out

What value should you place on this house

solution

we know if we sell house we should pay real estate fee

so we get need money to place is present cost - real estate fees

so cost will be

cost = house valued  - real estate fees

cost = 239000 - 14000

cost = 225,000

so value we place on this house when analyzing the option of using it as a professional office is $225000

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3 0
1 year ago
A company purchased factory equipment on April 1, 2018 for $160,000. It is estimated that the equipment will have a $20,000 salv
Nana76 [90]

Answer:

$10,500

Explanation:

Depreciation is a systematic allocation of the cost of an asset over its useful lifetime using either the straight line , reducing or other relevant methods.

The salvage or the scarp value is the portion of an asset that is not consumed at the end of its useful life.

<u>Workings</u>

Purchase date - April 1 2018

Year End - December 31, 2018

Timeline - 9 months

Purchase cost - $160,000

Salvage value = $20,000

Depreciable amount = (160000-20000)=140000

Useful lifetime = 10 years

Depreciation = (140000/10)*9/12

=$10,500

4 0
2 years ago
The failure rate for franchises is____________.
RUDIKE [14]

Answer:

The answer is c. lower than the rate for all new businesses.

Explanation:

When you start a franchise it's business risk is much lower than a new business. The parent organization supports you both financial and in terms of training and development and you have the access to and already well established brand and a market segment as well. Which makes it easier and safer.

5 0
1 year ago
Read 2 more answers
Total gross sales for the period include the following:
ycow [4]

Answer:

redit Card Sales:

Gross Sales = $10,300

Credit Card Discount = 2%*$10,300

Credit Card Discount = $206

Net Credit Card Sales = Gross Sales - Credit Card Discount

Net Credit Card Sales = $10,300 - $206

Net Credit Card Sales = $10,094

Sales on Account:

Gross Credit Sales = $10,600

Credit Sales Return = $200

Half of remaining sales were paid within the discount period.

Credit Sales Discount = $10,400*50%*2%

Credit Sales Discount = $104

Net Credit Sales = Gross Credit Sales - Credit Sales Return - Credit Sales Discount

Net Credit Sales = $10,600 - $200 - $104

Net Credit Sales = $10,296

Total Net Sales = $10,094 + $10,296

Total Net Sales = $20,390

So, Net Sales of $20,390.00 will be reported in income statement.

7 0
2 years ago
Barb and Ken purchased a house for $300,000 in 2005. When they needed to sell because of a job transfer in 2009, the house was a
Salsk061 [2.6K]

Answer:

B

Explanation:

On the basis of their actions in selling their house at $300,000 despite being use for years , their behavioral tendencies at work include loss aversion and anchoring.

Loss aversion is a psychology and decision taking theory where people try as much as possible to avoid making losses but make equivalent gain.

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4 0
2 years ago
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